Vanguard Group Inc. Raises Stake in Spire Global, Inc. (NYSE:SPIR)

Vanguard Group Inc. increased its holdings in Spire Global, Inc. (NYSE:SPIR - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,104,482 shares of the company's stock after buying an additional 64,632 shares during the period. Vanguard Group Inc. owned 4.54% of Spire Global worth $15,540,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Nkcfo LLC purchased a new position in shares of Spire Global in the fourth quarter valued at about $774,000. Geode Capital Management LLC grew its holdings in shares of Spire Global by 9.0% in the third quarter. Geode Capital Management LLC now owns 506,093 shares of the company's stock worth $5,057,000 after acquiring an additional 41,612 shares during the period. Stifel Financial Corp grew its holdings in Spire Global by 45.7% during the third quarter. Stifel Financial Corp now owns 242,660 shares of the company's stock valued at $2,424,000 after purchasing an additional 76,119 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of Spire Global by 62.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 102,090 shares of the company's stock worth $1,436,000 after acquiring an additional 39,175 shares during the period. Finally, Barclays PLC boosted its stake in shares of Spire Global by 321.5% in the third quarter. Barclays PLC now owns 31,875 shares of the company's stock worth $318,000 after acquiring an additional 24,312 shares during the period. 19.97% of the stock is owned by institutional investors.

Spire Global Stock Performance

Shares of Spire Global stock traded up $0.52 on Wednesday, reaching $9.18. The company had a trading volume of 54,092 shares, compared to its average volume of 678,400. Spire Global, Inc. has a 52-week low of $6.26 and a 52-week high of $21.43. The firm's 50 day moving average price is $9.59 and its two-hundred day moving average price is $12.36. The firm has a market cap of $284.28 million, a PE ratio of -2.64 and a beta of 2.42.

Wall Street Analyst Weigh In

SPIR has been the topic of several recent research reports. Robert W. Baird decreased their price target on Spire Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, April 1st. Canaccord Genuity Group boosted their target price on shares of Spire Global from $14.50 to $15.50 and gave the stock a "buy" rating in a report on Thursday, April 10th. Finally, Stifel Nicolaus dropped their price target on Spire Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $17.70.

Insiders Place Their Bets

In other Spire Global news, Chairman Peter Platzer sold 27,293 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $9.28, for a total transaction of $253,279.04. Following the sale, the chairman now owns 1,588,609 shares in the company, valued at approximately $14,742,291.52. This represents a 1.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Boyd C. Johnson sold 11,304 shares of Spire Global stock in a transaction on Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $127,396.08. Following the completion of the sale, the chief accounting officer now directly owns 300,304 shares of the company's stock, valued at approximately $3,384,426.08. This represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 295,314 shares of company stock valued at $3,069,869 in the last ninety days. Insiders own 17.11% of the company's stock.

Spire Global Company Profile

Spire Global, Inc provides subscription-based data, insights, predictive analytics, and related project-based services worldwide. The company offers satellite-based aircraft tracking data to power applications, drive decision making, and improve cost efficiencies; data, insights, and predictive analytics for highly accurate ship monitoring, real-time and near real-time vessel updates, port operations, ship safety and route optimization; and space-based data, AI-powered insights, and predictive weather analytics for accurate weather forecasting.